Delek US (NYSE:DK) Trading Down 2.4% – Time to Sell?

Delek US Holdings, Inc. (NYSE:DK) was down 2.4% during mid-day trading on Monday . The company traded as low as $16.70 and last traded at $16.54. Approximately 86,014 shares were traded during trading, a decline of 92% from the average daily volume of 1,135,258 shares. The stock had previously closed at $16.94.

Analysts Set New Price Targets

Several research firms have recently weighed in on DK. JPMorgan Chase & Co. upped their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price objective on shares of Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday. Mizuho reduced their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Morgan Stanley reduced their price objective on Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Five equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $20.40.

Delek US Stock Down 4.5 %

The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -3.33 and a beta of 1.14. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The firm has a 50 day moving average price of $17.43 and a 200-day moving average price of $17.96.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same quarter in the prior year, the firm earned ($1.46) EPS. The firm’s quarterly revenue was down 39.8% compared to the same quarter last year. As a group, equities analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 6.30%. Delek US’s dividend payout ratio is currently -11.54%.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders purchased 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by insiders.

Institutional Trading of Delek US

Large investors have recently made changes to their positions in the company. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Delek US during the fourth quarter worth about $3,982,000. Mackenzie Financial Corp raised its holdings in Delek US by 67.8% during the 4th quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company’s stock worth $733,000 after buying an additional 16,009 shares during the period. GF Fund Management CO. LTD. bought a new position in Delek US in the fourth quarter valued at approximately $363,000. Public Employees Retirement System of Ohio acquired a new position in shares of Delek US in the fourth quarter valued at approximately $780,000. Finally, GTS Securities LLC acquired a new stake in shares of Delek US during the fourth quarter worth $390,000. Institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.